Disclosed CDR investment recovered in August 2026, with one transaction recorded: a $5.40 million equity round for Enhanced Weathering developer Mafix, led by Azolla Ventures. No debt, grant, or hybrid financing was recorded, while a second undisclosed-value equity deal closed in the Direct Air Capture pathway. CDR offtake deals rose to five in August, spanning five distinct protocols, although disclosed volume fell by approximately 90% month-on-month to roughly 144,000 ton

Disclosed CDR investment nearly stalled in July 2026, with only one transaction recorded: an undisclosed seed equity round for Switzerland-based Arrhenius AG, a microalgae-based BiCRS developer. The round was led by CTA Ltd., with participation from Young Ventures and angel investors. No debt, grant, or hybrid financing was reported, compared with approximately $164 million raised across five deals in June. CDR offtake volumes declined by approximately 38% month-on-month to 1

June 2026 marked a shift from May's public-sector-led funding to private capital, with no government grants recorded. Capital commitments totaled ~$151.4M across four deals. Equity investments led the activity, including Ardian–Société Générale and Deep Sky–Sumitomo Mitsui. Debt financing was recorded through Charm Industrial–JPMorgan and Carbon2Nature Brasil. CDR offtake volumes increased to ~2.23M tonnes, with activity shifting from BECCS to nature-based removals. Amazon's

Opportunities, Challenges, Solutions and Lessons Learned While Building a Carbon Negative Economy Summary From London Carbon Removal Investor Conclave 2026 This white paper summarizes the discussion from the Investor Conclave held at the Carbon Removal Investment Summit in London in May 2026 (https://LondonSummit.cCarbon.info/) 38 investors and capital enablers, who have collectively deployed or arranged USD 4 billion+ in the CDR space, participated in a pre-meeting survey, f

CDR is entering a new phase where scale, financeability, and verified delivery are becoming the key measures of market progress. By March 2026, cumulative capital committed to carbon dioxide removal had reached USD 11.5 billion, while estimated annual removal capacity increased to 18.1 MtCO2e/year, up from ~12.5 MtCO2e/year in June 2025. The sector is still growing, but the basis of market confidence is changing: investors and buyers are now placing greater weight on delivery

May 2026 marked a public-sector-led phase of CDR market activity, with grants driving both capital deployment and deal flow. UK DESNZ-backed funding supported a broad set of engineered removal pathways, including BECCS, DAC, BiCRS, marine CDR, and enhanced weathering. Private capital remained active through equity rounds for Applied Carbon and CREW Carbon, but government funding shaped the month’s investment landscape. CDR offtake volumes declined from ~3.2M tonnes in April t

Current Landscape Soil Carbon Removal (SCR) is emerging as one of the more scalable nature-based CDR pathways, using improved agricultural and land management practices to increase soil organic carbon while supporting soil health, water retention, biodiversity, and farmer resilience. The market has already reached meaningful scale, with about 51.31 million tCO₂e issued and 37.86 million tCO₂e retired globally. Supply is strongly concentrated in Asia, which accounts for the la

Current Landscape The Marine Carbon Dioxide Removal (mCDR) sector is one of the most scientifically promising yet commercially nascent pathways in the carbon removal landscape. Oceans absorb between 25% to 30% of cumulative anthropogenic CO2 emissions, making them the planet’s largest active carbon sink. The sector covers both nature-based pathways, including mangroves, tidal marshes, seagrasses, and macroalgae systems, and technology-based pathways such as ocean alkalinity e

Current Landscape Enhanced Rock Weathering (ERW) has matured from an agronomic-pilot domain into an investable, registry-validated carbon-removal segment. As of March 2026, over $242 million has been committed or deployed across the ERW ecosystem, with 60+ deals tracked and 30+ developers actively progressing toward commercial scale. Activity is geographically distinctive: roughly 91% of validated near-term registry capacity sits in India and Brazil, with secondary footprints

Current Landscape of Direct Air Capture (DAC) ​Direct Air Capture has progressed from a research-driven domain into a capital-intensive, globally tracked technology segment. As of March 2026, over $4.35 Bn has been committed or deployed across the ecosystem, with growing participation from public and private capital. Activity remains concentrated in North America and Europe, but credible developers are now active in Asia-Pacific (AirCapture in Japan), the Nordics (Korall in S

Current Landscape Biomass Carbon Removal and Storage (BiCRS) emerging as one of the most dynamic segments within the broader Carbon Dioxide Removal (CDR) landscape, combining biological carbon uptake with engineered storage pathways to deliver durable removals. The sector currently remains in an early commercialization phase, characterized by fragmented deployment, uneven operational scale, and rapidly evolving methodologies. Biochar has emerged as the dominant and most comme

Current Landscape The BECCS market has scaled substantially over the last few years. Operational BECCS capacity globally is approximately 2.975 million tCO2e per year, primarily concentrated in the U.S. ethanol facilities and a small set of European power and waste-to-energy plants. Planned capacity is roughly 70 million tCO2e per year by 2035 across more than 100 announced projects, with biofuels expected to remain the largest contributor, followed by power and heat, and was

Current Landscape The ARR carbon removal market has evolved into one of the most established and scalable pathways within the broader CDR ecosystem, supported by its ability to deliver large-scale removals alongside biodiversity and community co-benefits. The sector has transitioned from fragmented, project-level activity toward more structured, platform-driven development, with projects now spanning tens of millions of hectares globally. Supply remains concentrated in region

April 2026 saw six capital transactions across the CDR market, comprising three equity deals valued at approximately $2.3 million and three debt financing deals totaling nearly $40 million. No grant funding activity was recorded during the month. Nature-based removals continued to dominate the financing landscape, mirroring trends observed in March 2026. Af/Reforestation projects accounted for 66% of total transactions and represented approximately 95% of total disclosed capi

March 2026 reflected a financing profile similar to February, with three equity-only deals totaling roughly $63 million, alongside one debt financing transaction. No grant funding was recorded during the month. However, unlike February 2026 , when investment activity was more balanced between engineered and nature-based pathways, March saw a clear tilt toward nature-based removals. These accounted for 66% of total deals and 95% of invested capital, indicating a strong concent

February 2026 saw a modest rebound across CDR market activity. Capital raising picked up slightly, mirroring January’s uptick after the sharp December 2025 drop, with two equity-only deals totaling roughly $63M (up from $55M in January). No debt or grant transactions were recorded. Investment activity maintained a balanced split between engineered pathways (Marine CDR) and nature-based routes (Af/Reforestation) in terms of deal count, though nature-based solutions dominated o

January's capital raising picked up a little after the dramatic drop in December 2025, with two high-value equity-only deals worth roughly $35M - up from $25M in December. No debt or grant transactions were recorded during the month. Investments showed a balance between engineered (Marine CDR) and nature-based pathways (Soil), in contrast to December 2025's engineering-based focus. Offtake activity expanded, with eight agreements securing around 5 Mt of removals. Microsoft’s

December’s capital raising slowed dramatically, with five small equity-only deals worth roughly $25M-down from $138M across two deals in November. No debt or grant transactions were recorded during the month. Investments skewed heavily toward engineered pathways, including BiCRS, BECCS and marine CDR—reversing November’s nature-only focus. Offtake activity, however, expanded. Six agreements secured around 4.28 Mt of removals; Microsoft’s landmark 3.6 Mt BECCS contract and lar

November saw a rebound in CDR funding, reaching a four-month high, though activity concentrated in just two equity deals—the first equity-only month since April. Nature-based CDR captured all investment this month, while engineered pathways saw no new funding. Equity continued to dominate cumulative 2025 flows, surpassing $5B for the year, with grants anchoring BECCS activity and debt remaining modest. Offtake activity improved slightly, with ten deals signed and a more diver

October saw a slowdown in CDR investment, with $57.4M across four deals, about half of September’s surge. Equity remained the most common format, but debt led in size, driven by the European Investment Bank’s $46.5M investment in Meva Energy. Investors dominated activity, with no corporate or non-profit participation, and BiCRS led the protocol mix alongside smaller Marine Carbon Removal and mixed-protocol deals. ​ Offtake volumes fell sharply to ~457,000 tonnes across five d